Name: Video Tour: 104 m² Office at Waverley Business Park, Observatory
Uploaded: 2026-08-05T06:10:55.987Z

Co-Founder | Candidate Property Practitioner

Calvin de Gouveia

Overview of The Waverley Business ParkThe Waverley Business Park is one of Cape Town’s most established mixed-use commercial developments, located on the border of Observatory and Mowbray. Originally converted from the historic Waverley Blanket Factory in the late 1980s, the park has evolved into a highly functional, multi-tenanted business environment offering offices, studios, light industrial units, and residential components.The park consists of 29 individual buildings, each with unique layouts and character, creating a flexible environment suited to a wide range of businesses, from creative agencies to tech firms, education providers, and light industrial operators.With over 31,800m² of rentable space, The Waverley remains a go-to option for companies prioritising value, accessibility, and operational flexibility in Cape Town’s central commercial corridor.Location: Observatory / Mowbray Commercial NodeThe Waverley Business Park is strategically positioned just off Main Road, with direct access to the N2 (Settlers Way), one of Cape Town’s most important transport routes.This location places tenants within minutes of the CBD, while maintaining strong connectivity to both the Southern Suburbs and Northern Suburbs.Key distances:Observatory Station: ±3-minute walkMowbray Station: ±7-minute walkN2 Highway: ±1-minute driveN1 Highway: ±3-minute driveCape Town CBD: ±8-minute driveThis level of accessibility is a major driver behind the park’s consistently strong tenant demand.Property Features &amp; SpecificationsTotal Development SizeOffices &amp; studios: ±24,935m²Industrial / showroom space: ±3,815m²Residential flats: ±2,985m²Total rentable area: ±31,835m²ParkingOpen bays: 301Garage bays: 255Total parking: 556 baysParking ratio: approx. 1 bay per 56m²Additional street parking availableZoningMU2 (Mixed Use 2)Allows for:OfficesRetailLight industrialResidentialEducational facilitiesRestaurants and moreThis zoning flexibility is one of the park’s strongest advantages, it allows businesses to evolve without needing to relocate.Rental Profile &amp; Value PositioningThe Waverley Business Park is widely recognised as a value-driven alternative to more traditional A-grade office nodes like Claremont and Rondebosch.Current rentals: R120, R145/m² (excl. VAT)Market comparison (Southern Suburbs A-grade): R180, R250/m²This pricing gap is not accidental, it’s the reason many growing businesses choose The Waverley over more polished but significantly more expensive alternatives.Reality check:You’re not getting premium-grade finishes here, but you are getting flexibility, location, and cost efficiency. For many occupiers, that trade-off makes financial sense.Tenant Profile &amp; Business EnvironmentThe Waverley has built a strong reputation for attracting diverse, high-quality tenants, particularly in the creative, education, media, and tech sectors.Notable tenants include:Stanford UniversityFrogfoot NetworksOperation SmileCape Town Audio CollegeCape Town College of Fashion DesignTrace TVSeacomThis mix creates a dynamic ecosystem rather than a sterile office park, something that continues to appeal to modern businesses.Investment &amp; Ownership InsightsThe Waverley operates as a sectional title scheme (registered 1996), making it attractive to both owner-occupiers and investors.Historical cap rates: ±8%, 9%Strong tenant retentionConsistently low vacancy levelsPotential future expansion: ±18,000m²From an investment perspective, this is not a speculative asset, it’s a steady, income-generating environment with proven performance over decades.Why Businesses Choose The Waverley Business Park?1. Central Location Without CBD PricingYou’re effectively sitting on the edge of the CBD without paying CBD rents.2. Flexible Space OptionsFrom small studios to larger hybrid office/industrial units, few parks offer this level of adaptability.3. Strong Transport LinksRail + highway access is a rare combination in Cape Town.4. Established Tenant EcosystemCreative, tech, and education businesses cluster here, driving collaboration and relevance.5. Practical, Not PretentiousThis isn’t a glossy corporate park. It’s functional, efficient, and cost-effective, which is exactly why it works.Who The Waverley Is Best Suited For?Creative agencies &amp; production companiesTech startups and scale-upsEducation and training institutionsMedia and content businessesLight industrial / hybrid operatorsValue-conscious corporatesFinal TakeThe Waverley Business Park continues to outperform expectations because it solves a real problem in the Cape Town market: central, accessible space at a price that still makes business sense.If you’re chasing premium finishes, look elsewhere.If you’re chasing value, flexibility, and location, The Waverley remains one of the smartest plays in the Observatory / Mowbray node.

104m² office to lease at 11 Wyecroft Road, Observatory, ideal for consulting firms, administrative teams, customer service businesses, and call centre operations looking for a practical workspace in a connected commercial location. Situated in Waverley Business Park, this commercial space in Observatory is available from 01 September at R15 080 per month. We think the size gives businesses room to grow while still keeping an efficient layout, and it work well for different industries.

The office includes an existing fitted layout, allowing a quicker move into the space, along with a wet kitchen for everyday convenience. A separate entrance adds privacy and flexibility, making it suitable for businesses that regularly welcome clients or operate independent teams. We like that the layout can adapt to different working styles without requiring major changes before occupation.

Waverley Business Park is positioned with quick access to major arterial routes connecting directly to Cape Town CBD and surrounding commercial areas, making commuting easier for staff and visitors. Businesses searching for Observatory office rentals, office to let in Observatory, or commercial property to rent in Observatory will appreciate the accessibility and secure business park environment. The office measures 104m², is available from 01 September, and rents for R15 080 per month. Parking rental, parking ratio, operating costs, fibre connectivity, and backup power were not provided.

Property features:

104m² fitted office space
Rental: R15 080 monthly
Available 01 September
Separate private entrance
Wet kitchen included
Secure business park location

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104m² Office to Lease | Waverley Business Park | Observatory | Ideal for Consulting Firms and Administrative Teams

Looking for the perfect base for your growing business in Cape Town? Step inside this functional 104m² commercial unit at the iconic Waverley Business Park in Observatory. This space offers the ideal balance of accessibility and value, perfect for creative teams, tech startups, or professional services looking for a central location that doesn't break the budget.

In this video tour, we walk you through the unit and show you why so many businesses are making the move to Wyecroft Road. Whether you are scaling up or simply looking for a more efficient workspace, this B-Grade unit provides everything you need to hit the ground running.

PROPERTY HIGHLIGHTS:
• Size: 104.00m² of versatile floor space
• Rental: Competitive rate at R147.50/m² (excl. VAT)
• Infrastructure: Reliable fibre internet connectivity
• Security: Peace of mind with 24-hour manned security and controlled access
• Operational Efficiency: Stay productive with backup power and generator support
• Layout: Adaptable open-plan design ready for your custom fit-out

WHY OBSERVATORY?
Positioned at the heart of Cape Town’s commercial hub, this location is a dream for commuters. You are seconds away from major transport arteries, including the N2 and N1, and just a short walk from the local train station. Being on the border of the city centre means you enjoy high visibility and quick access to clients across the Southern and Northern Suburbs.

WHO IS THIS FOR?
This unit is best suited for small to medium-sized enterprises (SMEs) that value a practical working environment. The building's layout allows for a mix of desk space and meeting areas, ensuring your team has the room they need to collaborate effectively.

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🔗 VIEW THIS LISTING:
https://brightwaveproperty.co.za/offices/to-let/observatory/waverley-business-park/bwp04168

🔍 MORE OBSERVATORY LISTINGS:
https://brightwaveproperty.co.za/offices/to-let/observatory

📞 ENQUIRE NOW:
https://brightwaveproperty.co.za/contact
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🌐 Website: https://brightwaveproperty.co.za

Ready to take the next step? Don’t miss out on this prime opportunity. Click the enquiry link above to book a physical viewing or speak to our team about a tailored lease agreement for your business.

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Video Tour: 104 m² Office at Waverley Business Park, Observatory

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